Former Barclays Execs Charged For Fraud In 2008 Qatari Scheme

Five ex-Barclays executives including former chief executive John Varley have been charged along with the bank for fraud in relation to a fundraising scheme involving Qatari investor sheld during the financial crisis. UK regulator Serious Fraud Office (SFO) filed charges

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Walmart turns weak as Amazon enters grocery business

The world’s largest retailer by revenue, Wal-Mart Stores (NYSE: WMT), saw its stock fall by 4.65% to $75.24 last Friday. The acquisition of organic food retailer Whole Foods Market (NASDAQ: WFM) by Amazon (NASDAQ: AMZN) paved way for the decline

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Pound remains weak on poor retail sales in May

The outcome of the UK election continues to weigh on the Pound, which has now turned to be the worst performing currency in June. Ironically, during March-May period, the Pound was one of the best performing currencies. While the Pound

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UK Workers Pay Squeeze Leads to Decline In Living Standards

Latest official data indicates that Britain’s living standards have declined because of the biggest workers’ pay squeeze since 2014. Regular pay has fallen by 0.6% year-on- year during the three months leading to April after it was adjusted to reduce

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Pound signals uptrend on strong CPI data

On May 29th, a predicted a downtrend in the GBP/USD pair and an interest to go short at 1.2840 levels, with 1.2600 as the target. Additionally, interest to purchase a put option as well. A week later, the GBP/USD pair

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New EU Proposal Threatens London Based Euro Clearing Business

The European Union has released a draft proposal that is likely to cause London to lose its position as the top hub for clearing euro-denominated derivatives transactions. If made into a law, it will allow the EU to force the

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Vivendi’s Q1 2017 adj. income up 57.2%, acquires Havas

Last month, media, content provider Vivendi SA (OTC: VIVHY) reported a 88.3% decline in the fiscal 2017 first-quarter earnings, compared with the corresponding quarter of 2016. Still, the stock price has so far managed to rally about 10% to close

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Yen turns weak on poor Q1 GDP growth

The Euro dollar fell earlier this week due to a rumor that the ECB is about to cut inflation forecasts. A decline in the German factory orders in April also aided the weakness. While the Euro declined, the Yen appreciated

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HSBC Faces Yet Another Lawsuit Regarding Forex Manipulation

Global banking major HSBC is once again facing accusations of rigging foreign exchange rates as a petition has been filed with a London court for records related to orders executed by the bank in 2006. A UK investment firm ECU

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Volvo posts strong Q1 2017 earnings, order intake up 11% YoY

The stock of Swedish automaker Volvo (OTC: VLVLY) hit a new 12-month high of $17.036 last Friday. One of the main reasons for the appreciation in the share price is the 20% increase in operating margin in the fiscal 2017

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